Financial Performance - For the fiscal year ending December 31, 2025, the total revenue of Grand Power Logistics Group Limited was approximately HKD 723.6 million, a decrease of about 31.6% compared to HKD 1,058.2 million for the fiscal year 2024[12]. - The air freight forwarding services generated revenue of HKD 716.7 million, accounting for 99.04% of total revenue, while sea freight forwarding services contributed HKD 6.9 million, or 0.96%[13]. - The decline in revenue was attributed to the impact of newly implemented U.S. tariffs, which significantly reduced demand for the company's freight forwarding services, and intensified industry competition that pressured pricing[12]. - The group's air cargo transit revenue decreased by approximately 31.4% to about HKD 716,700,000 for the fiscal year 2025, compared to approximately HKD 1,045,000,000 for fiscal year 2024[14]. - The group's sea cargo transit revenue decreased by approximately 47.4% to about HKD 6,900,000 for the fiscal year 2025, compared to approximately HKD 13,200,000 for fiscal year 2024[15]. - The group recorded a gross loss of approximately HKD 200,000 for the fiscal year 2025, with a gross loss margin of about 0.03%, compared to a gross profit of approximately HKD 39,700,000 and a gross profit margin of about 3.76% for fiscal year 2024[17]. - The group reported a net loss of approximately HKD 44,900,000 for the fiscal year 2025, significantly increased from approximately HKD 3,700,000 for fiscal year 2024[23]. - The total assets decreased to HKD 208,004,000 in 2025 from HKD 270,343,000 in 2024, a decline of 23.1%[187]. - The company's equity decreased to HKD 81,065,000 in 2025 from HKD 126,655,000 in 2024, a decline of 36.0%[188]. - The company reported a significant impairment loss of HKD 2,438,000 on property, plant, and equipment in 2025[185]. Cost Management - Service costs decreased by approximately 28.9% to about HKD 723,800,000 for the fiscal year 2025, compared to approximately HKD 1,018,400,000 for fiscal year 2024[16]. - The group anticipates an overall cost increase of up to 10% due to rising container freight rates and surcharges, influenced by geopolitical tensions and supply chain disruptions[40]. - The group is accelerating strategy adjustments by developing alternative routes and transportation modes to avoid affected channels and investing in digital tools to enhance operational efficiency[40]. Financial Position - As of December 31, 2025, the group's debt-to-equity ratio was approximately 74.9%, compared to 38.0% as of December 31, 2024[24]. - The group's cash and bank balances increased to approximately HKD 39,100,000 as of December 31, 2025, from approximately HKD 31,300,000 as of December 31, 2024[25]. - Trade receivables decreased by approximately 35.4% to about HKD 130,200,000 as of December 31, 2025, compared to approximately HKD 201,400,000 as of December 31, 2024[26]. - Interest-bearing borrowings amounted to approximately HKD 58,900,000 as of December 31, 2025, compared to approximately HKD 46,900,000 as of December 31, 2024[27]. - The company had cash and bank balances of HKD 39,084,000 in 2025, an increase from HKD 31,263,000 in 2024, representing a growth of 25.1%[187]. Governance and Management - The management team is led by Zhao Tong, who serves as the chairman and CEO, ensuring strategic direction[53]. - The company is focused on risk management and financial oversight, with a dedicated team to monitor these functions[44][46]. - The board includes independent non-executive directors with extensive experience in corporate finance and risk management, enhancing governance[47][49][51]. - The company emphasizes corporate governance and compliance, reflecting its commitment to transparency and accountability[52]. - The board has established regular meetings, occurring at least quarterly, to ensure effective governance and oversight[124]. Employee and Culture - The total employee cost for the fiscal year 2025 was approximately HKD 16.7 million, compared to HKD 17.6 million for fiscal year 2024, with a total of 34 full-time employees as of December 31, 2025[39]. - The company emphasizes employee training and development to maximize their potential, viewing employees as crucial assets for sustainable growth[39]. - The company emphasizes a culture of teamwork, integrity, innovation, and continuous improvement to drive organizational performance and sustainable growth[109]. - The company is committed to promoting gender diversity at all levels, with specific resources allocated for the career development of female employees[123]. Risk Management - The company has established a risk management and internal control system to identify existing risks and has taken necessary measures to mitigate identified risks[88]. - Economic risks include the inability to respond to macroeconomic factors affecting revenue and profitability, particularly in the context of global economic slowdown[89]. - The group faces foreign exchange risks primarily due to certain financial assets and liabilities being denominated in currencies other than the functional currencies of its entities[38]. - The group will regularly assess customer credit ratings and adjust their credit terms and payment conditions to minimize the risk of defaults and cash flow mismatches[154]. Shareholder Information - The company has adopted a shareholder communication policy to ensure timely, transparent, and accurate communication with shareholders, including financial reports and other relevant documents[159]. - Shareholders holding at least 10% of the paid-up capital have the right to request the board to convene a special general meeting within two months of the request[156]. - The company maintains a public float of 26.84%, with a total of 307,575,000 shares outstanding, including 112,500,000 shares each held by Profit Virtue and Peak Connect[95]. Audit and Compliance - The total fees paid or payable to auditors for the fiscal year 2025 amounted to HKD 857,000, with HKD 750,000 for audit services and HKD 107,000 for non-audit services[155]. - The independent auditor's report confirms that the financial statements present a true and fair view of the group's financial performance and cash flows for the fiscal year[169]. - The company has adopted a code of conduct for securities trading, ensuring compliance with GEM listing rules and preventing insider trading[129].

董事會會議日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 GRAND POWER LOGISTICS GROUP LIMITED 裕 程 物 流 集 團 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號： 8489） 趙彤 香港，二零二六年三月十二日 於本公告日期，執行董事為趙彤先生及謝志坤先生；非執行董事為王緗漌女士及香偉強 先生；以及獨立非執行董事為譚家熙先生、吳鴻揮先生及楊光偉先生。 本公告的資料乃遵照《香港聯合交易所有限公司（「聯交所」）GEM證券上市規則》，旨在提 供有關本公司的資料；董事願就本公告的資料共同及個別地承擔全部責任。各董事在作 出一切合理查詢後，確認就其所知及所信，本公告所載資料在各重要方面均屬準確完備， 沒有誤導或欺詐成分，且並無遺漏任何事項，足以令致本公告或其所載任何陳述產生誤導。 本公告將自刊發日期起計最少一連七日刊載於聯交所網站www.hkexnews.hk 之「最新上市 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 裕程物流集團有限公司 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | 證券代號 (如上市) | 08489 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2026年2月28日 | | 300,000,000 | | | 0 | | 300,00 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 GRAND POWER LOGISTICS GROUP LIMITED 裕 程 物 流 集 團 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號： 8489） 完成根據一般授權配售新股份 配售代理 茲提述裕程物流集團有限公司（「本公司」）日期為二零二五年十二月三十日、二零二六年 一月二十日及二零二六年二月十日的公告（「該等公告」），內容有關根據一般授權配售新 股份。除另有界定者外，本公告所用詞彙與該等公告所界定者具有相同涵義。 配售事項完成 董事會欣然宣佈，配售協議之所有條件均已達成，配售事項已於二零二六年三月六日完成。 根據配售協議的條款及條件，配售代理按每股配售股份0.373港元之配售價已成功向三名 承配人（即(i)陽曼琳女士，為投資者；(ii)楊世傑先生，為投資者；及(iii)李燕林女士，為 投資者）配售合共7,575,000股配售股份，相當於緊隨完成後經 ...

截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 裕程物流集團有限公司 呈交日期: 2026年3月4日 I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08489 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股本 ...

Group 1 - The company, Yucheng Logistics (08489.HK), expects to achieve revenue between approximately HKD 720 million and HKD 730 million for the fiscal year ending December 31, 2025, compared to an estimated revenue of approximately HKD 1.058 billion for the fiscal year ending December 31, 2024 [1] - The company anticipates a net loss ranging from approximately HKD 43 million to HKD 46 million for the fiscal year 2025, in contrast to a net loss of approximately HKD 4 million for the fiscal year 2024 [1] - As of February 27, 2026, Yucheng Logistics' stock closed at HKD 0.4, reflecting an increase of 1.28% with a trading volume of 330,000 shares and a turnover of HKD 128,400 [1] Group 2 - The company has a market capitalization of HKD 117 million and ranks 15th in the shipping II industry [1] - There has been low attention from investment banks regarding the stock, with no ratings provided in the past 90 days [1]

Core Viewpoint - The company, Yucheng Logistics (08489), anticipates a significant decline in revenue and an increase in net loss for the fiscal year ending December 31, 2025, primarily due to external factors such as U.S. tariffs and intense industry competition [1] Financial Performance - Expected revenue for the fiscal year 2025 is projected to be between approximately HKD 720 million and HKD 730 million, compared to approximately HKD 1.058 billion for the fiscal year 2024 [1] - The anticipated net loss for the fiscal year 2025 is estimated to be between approximately HKD 43 million and HKD 46 million, while the net loss for the fiscal year 2024 was approximately HKD 4 million [1] Industry Challenges - The decline in revenue and increase in net loss are attributed to a significant drop in demand for the company's cargo transshipment services due to U.S. tariffs [1] - Intense competition within the industry has exerted substantial pressure on pricing, limiting the acceptable price increase levels for customers [1] - Existing fixed-price terms in airline contracts have exacerbated the situation, forcing the company to sell at a loss to avoid penalties and maintain operations [1] Future Outlook - The company's gross loss is expected to decrease from approximately HKD 11.7 million for the first half of 2025 to about HKD 200,000 for the fiscal year 2025, compared to a total profit of approximately HKD 40 million for the fiscal year 2024 [1] - The increase in net loss for the second half of 2025 is projected to be less severe compared to the net loss of approximately HKD 35.7 million recorded in the first half of 2025 [1]

Core Viewpoint - The company, Yucheng Logistics, anticipates a significant decline in revenue and an increase in net losses for the fiscal year ending December 31, 2025, primarily due to the impact of U.S. tariffs and intense industry competition [1] Financial Performance - Expected revenue for the fiscal year 2025 is projected to be between approximately HKD 720 million and HKD 730 million, compared to approximately HKD 1.058 billion for the fiscal year 2024 [1] - The anticipated net loss for fiscal year 2025 is estimated to be between approximately HKD 43 million and HKD 46 million, while the net loss for fiscal year 2024 was approximately HKD 4 million [1] Factors Affecting Performance - The decrease in revenue and increase in net losses are attributed to a significant drop in demand for the company's cargo transshipment services due to U.S. tariffs [1] - Intense competition in the industry is exerting substantial pressure on pricing, compressing the acceptable price increase levels for customers [1] - Existing fixed-price terms in airline contracts are exacerbating the situation, forcing the company to sell at a loss to avoid penalties and maintain operations [1] Future Outlook - As the airline contracts are set to expire in the second half of 2025 and will not be renewed, the company's gross loss is expected to decrease from approximately HKD 11.7 million for the first half of 2025 to about HKD 200,000 for the fiscal year 2025 [1] - The increase in net loss for the second half of 2025 is projected to be less severe compared to the net loss of approximately HKD 35.7 million recorded in the first half of 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 GRAND POWER LOGISTICS GROUP LIMITED 裕 程 物 流 集 團 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號： 8489） 盈利警告 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事會命 裕程物流集團有限公司 主席、首席執行官兼執行董事 本公告乃由裕程物流集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香港 聯合交易所有限公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）第17.10條及香港 法例第571章證券及期貨條例第XIVA部項下內幕消息條文（定義見GEM上市規則）而作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東及潛在投資者，根據目前可得資 料及對本集團表現的初步評估，本集團預期(i)截至二零二五年十二月三十一日止年度（「二 零二五財政年度」）錄得收益介乎約720百萬港 ...

於二零二六年二月十日，本公司與配售代理訂立配售協議（經補充協議補充）的第二份補 充協議（「第二份補充協議」），內容如下： 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 GRAND POWER LOGISTICS GROUP LIMITED 裕 程 物 流 集 團 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號： 8489） 有關根據一般授權配售新股份的 補充公告 茲提述裕程物流集團有限公司（「本公司」）日期為二零二五年十二月三十日及二零二六年 一月二十日有關配售的公告（「該等公告」）。除文義另有所指外，本補充公告所用詞彙與 該等公告所用者具有相同涵義。 第二份補充協議 除上述變動外，配售協議的所有其他條款及條件維持不變。 經調整配售價較︰ (i) 股份於第二份補充協議日期在聯交所所報收市價每股0.465港元折價約19.78%；及 — 1 — (i) 最後截止日期由二零二六年二月十日延後至二零二六年三月三日 ...